"A Strong Setup for Bitcoin's Surge to $110K NEXTBitcoin is trading around $96,000, with strong indicators pointing toward a potential surge to $110K. The cryptocurrency’s recent price action has captivated market watchers, as it consolidates within a narrow range below the $110,000 threshold.
Analysts view this consolidation phase, between $95,000 and $98,000, as a necessary breather following a major rally. It provides the market with time to stabilize before its next potential breakout.
**Consolidation or the calm before the storm?**
On the daily chart, Bitcoin’s reduced volatility highlights market indecision. Yet, technical indicators suggest a bullish undercurrent. The moving averages reveal a golden cross pattern, with the 50-day moving average staying well above the 200-day average—a strong signal of sustained bullish momentum.
With the stage set for a decisive move, Bitcoin’s next steps could determine its trajectory toward the $110K mark.
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